Universal Insurance Company Insurance Review & Ratings (2024)

There’s no reason not to consider a homeowners insurance policy with Universal if it’s an option where you live. But you should never make a decision about insurance coverage until you shop around and compare several insurance quotes online.

You can use online tools to help you find and compare top-rated companies’ rates to see where you can find the most affordable homeowners insurance that offers the coverage you’re looking for.

In fact, you can use our free tool below to find and compare homeowners insurance rates from top companies in your area today.

What You Should Know About Universal Property & Casualty Insurance Company

Welcome to our comprehensive page on the insurance alternatives offered by Universal Insurance Company. In this article, we will explore the primary concerns associated with Universal Insurance Company, including their diverse selection of insurance products catering to renters, homeowners, condo owners, and individuals seeking coverage for fire and flood incidents.

Discover the importance of reliable and affordable insurance with Universal Insurance Company. They prioritize premium quality and cost-effective solutions. Enter your zip code below to compare offers from regional insurance authorities. Don’t miss out on the opportunity to secure the best coverage for your specific needs.

Universal Property & Casualty Insurance Company Insurance Coverage Options

Universal North America Insurance Company, often mistaken online for Universal Property and Casualty Insurance company, sells property and casualty coverages in the United States.

If you choose Universal’s homeowners insurance for your house, you can expect coverage for the following:

• Your dwelling, including any attached structures like a pool
• Other structures on your property
• Medical payments for any injuries sustained
• Personal property and valuables, such as jewelry and heirlooms
• Personal liability coverage
• Loss of use
• Loss assessment

In addition to the standard coverages listed above, which come with every Universal North America homeowners policy, you also have the option of adding supplemental coverages, including:

• Scheduled personal property
• Water damage
• Home equipment protection
• Personal injury
• Rental to others
• Increase limit of liability
• Increased loss assessment
• Personal property value loss settlement
• Permitted incidence occupancies
• Increased other structures
• Seasonal or unoccupied property
• Identity fraud expense
• Expanded replacement cost terms

The add-ons listed above are completely optional, but they may appeal to you based on your unique needs as well as the needs of your family members and loved ones.

If you’re intrigued by what Universal has to offer so far, you are probably curious to know more about the cost of homeowners insurance with Universal North America.

Universal Property & Casualty Insurance Company Insurance Rates Breakdown

While Universal Insurance Company’s website has a lot to offer, the company does not appear to offer direct quotes online. This makes it difficult to know what you would pay for homeowners insurance.

But you can look at the average rates for your state in the table below to get an idea of what to expect.

Average Annual Homeowners Insurance Rates by State

Researching homeowners insurance rates by ZIP code in your state may be helpful, as where you live is an extremely important factor when it comes to the cost of coverage.

Also, you’ll want to keep in mind that the overall value of your home could impact your rates and cause them to look different from your state’s annual average.

Universal Property & Casualty Insurance Company Discounts Available

At Universal Insurance Company, we believe in providing not only comprehensive coverage but also ensuring that our policyholders can enjoy the benefits of cost savings. Explore the various discounts offered by Universal Insurance Company and discover how you can enhance your coverage while enjoying substantial savings.

• Multi-Policy Discount: Combine and save! Universal rewards policyholders who bundle multiple insurance policies, providing a significant discount for those who choose to protect their home, auto, and more with us.
• Safe Driver Discount: Your safe driving habits deserve recognition. Maintain a clean driving record, and Universal reciprocates with a discount that reflects our commitment to promoting responsible behavior on the road.
• Good Student Discount: Investing in education pays off. Students excelling academically can benefit from our good student discount, acknowledging their dedication to both learning and responsible living.
• Multi-Car Discount: For households with more than one vehicle, Universal offers a multi-car discount. This encourages families to consolidate their insurance needs, resulting in substantial savings across multiple vehicles.
• Homeowner Discount: Owning a home comes with its perks. Universal acknowledges homeowners with a special discount, providing additional savings for those who have invested in their property.
• Military Discount: As a token of gratitude to those who serve, Universal offers discounts for active-duty military personnel and veterans. It’s our way of saying thank you for your commitment and sacrifice.
• Safety Feature Discounts: Prioritizing safety pays off. Vehicles equipped with anti-lock brakes, airbags, and anti-theft devices may qualify for additional discounts, promoting the importance of protective features.
• Payment Discounts: Convenience meets savings. Opting for automatic payments or paying the annual premium in full can unlock additional discounts, making insurance more affordable for our valued policyholders.
• Good Credit Discount: Recognizing the link between financial responsibility and insurance practices, Universal offers a discount for policyholders with good credit scores, encouraging responsible financial behavior.
• Renewal Discounts: Loyalty matters at Universal. Policyholders who choose to renew their coverage with us may enjoy renewal discounts, demonstrating our appreciation for their continued trust and commitment.

Discover how these discounts not only make Universal Insurance Company an attractive choice for coverage but also empower our policyholders to navigate their insurance needs with financial ease.

Effortless Claims Handling With Universal Insurance Company Insurance

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

Universal Insurance Company offers policyholders an “easy online access” feature for various policy-related activities, such as making payments and accessing important documents. However, when it comes to filing a claim, policyholders are required to call the company’s customer service number.

The claims process involves speaking with a representative who will guide the policyholder through the necessary steps and provide information on the expected timeline for claim resolution.

Average Claim Processing Time

The article does not provide specific information about the average claim processing time for Universal Insurance Company. It’s advisable for potential policyholders to inquire with the company directly or consult their policy documents for more details on claim processing times.

Customer Feedback on Claim Resolutions and Payouts

While the article mentions Universal Insurance Company’s ratings, it does not provide specific customer feedback regarding claim resolutions and payouts. Prospective policyholders may want to explore online reviews and consult with current customers to gain insights into the company’s performance in handling claims.

Exploring Universal Insurance Company Insurance Digital and Technological Innovations

Mobile App Features and Functionality

The article does not provide detailed information about the specific features and functionality of Universal Insurance Company’s mobile app. Policyholders interested in mobile app capabilities should consider visiting the company’s website or contacting their customer service for comprehensive details on what the app offers.

Online Account Management Capabilities

Universal Insurance Company’s website offers policyholders “easy online access” for managing their accounts, making payments, and accessing policy documents. However, the article does not delve into the specifics of the online account management capabilities provided. Prospective policyholders are encouraged to visit the company’s website to explore the full range of online account management features.

Digital Tools and Resources

The article does not elaborate on the digital tools and resources available through Universal Insurance Company. Policyholders looking for information on the company’s digital tools, educational resources, or online support should visit the company’s website for a comprehensive overview of the available digital assets.

How Universal Property & Casualty Insurance Company Ranks Among Providers

In the highly competitive landscape of insurance, Universal Insurance Company navigates alongside key industry players. Let’s take a brief look at some of its main competitors, each contributing to the diverse choices available for consumers seeking reliable coverage.

• State Farm: State Farm, with its extensive customer base, offers a broad spectrum of insurance products, from auto to home and life insurance. Known for financial stability, State Farm is a formidable competitor.
• Geico: Geico, celebrated for its catchy advertising and competitive pricing, is a major force in the auto insurance market. A streamlined online experience and quick claims processing set it apart.
• Allstate: Allstate, with a vast agent network, provides various insurance products, leveraging innovative tools like Drivewise. Their focus on technology and personalized service makes them a strong contender.
• Progressive: Progressive, renowned for usage-based insurance programs like Snapshot, offers a range of coverage options. With a strong online presence, it appeals to customers looking for convenience and customization.
• Nationwide: Nationwide, committed to customer satisfaction, stands out with a variety of insurance products and customizable policies. Their network of agents ensures a personalized approach to insurance.

Does Universal have good ratings?

When it comes to ratings, Universal North America Insurance Company can be proud of its standings. A.M. Best gave the insurance company an A- (Excellent) financial strength rating and an overall outlook of stable.

The Better Business Bureau (BBB) has given Universal a B rating, and the BBB website shows that customers have rated Universal North America one out of five stars.